BANGKOK, 6 June 2012 – The Stock Exchange of Thailand (SET) has launched USD futures, enabling Thai investors and business operators to manage Thai baht through the derivatives market, enhancing long-term benefits for the country and all players concerned.
Deputy Prime Minister and Finance Minister Kittiratt Na Ranong on Tuesday presented certificates to 31 brokers to operate in the derivatives market. He said this financial tool allows investors to manage foreign exchanges more freely with low risk, adding it is particularly useful to importers, exporters, and investors who have to risk the baht fluctuations.
SET president Jarumporn Chotikasatian said the baht has been volatile especially against the US dollar and the Euro. He stated that SET is keeping an eye on the European economic crisis to prepare measures to cope with it, adding that uncertainties create risks to the import-export sector. Mr Jarumporn said therefore the USD futures will offer a low-risk investment option for them.